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Tag Archives: shale oil
US Oil Rig Count Tumbles Most In 2 Years | Zero Hedge
US Oil Rig Count Tumbles Most In 2 Years | Zero Hedge. We warned just a week ago that the lag between initial price declines in oil and the closure of rigs was between 4 and 6 months and just as we warned of the deja-vu all over again, Banker Hughes reports that the Rig Count this […]
Ten Reasons Why a Severe Drop in Oil Prices is a Problem | Our Finite World
Ten Reasons Why a Severe Drop in Oil Prices is a Problem | Our Finite World. Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be a problem? In particular, how can the steep drop in oil […]
Saudis Cut Oil Prices Again In Bid To Maintain Market Share
Saudis Cut Oil Prices Again In Bid To Maintain Market Share. Saudi Arabia may have led the move to keep OPEC’s crude production high and thereby keep prices low, but that doesn’t mean it isn’t concerned about keeping its share of the global oil market. Riyadh evidently demonstrated that on Dec. 4 when it dramatically cut […]
We Forget All Too Fast Just How Quickly It Can Hit The Fan | Zero Hedge
We Forget All Too Fast Just How Quickly It Can Hit The Fan | Zero Hedge. Via Mark St.Cyr, Currently there is probably no other great divide in opinions than the current state of oil and all it entails. (well maybe gold but that’s for another column) I believe there’s not only two sides to […]
Jobs, Shale, Debt and Minsky – The Automatic Earth
Jobs, Shale, Debt and Minsky – The Automatic Earth. OK, I don’t see a whole lot of comprehension out there, so let’s try and link the obvious: employment to shale to plummeting oil prices to the debt the shale industry was built on (and which is vanishing). I know, people look at the US jobs […]
Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota | Zero Hedge
Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota | Zero Hedge. When ISIS dared to steal and sell oil at below market rates, they were dire pirates that needed to be destroyed (and anyone who dared to buy it was pariah). So when, as Bloomberg reports, crude sold at the wellhead in the Bakken shale region in […]
BBC News – Why is Saudi Arabia using oil as a weapon?
BBC News – Why is Saudi Arabia using oil as a weapon?. A recent meeting in Vienna, between the member states of Opec finally uncovered what the world had expected for months. Saudi Arabia is playing politics with oil, forcing Opec to maintain its current production levels at 30m barrels per day, to force down the […]
“Panic Selling” Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge
“Panic Selling” Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge. It’s not just Shale oil stocks in the US that are hurting. Following the OPEC decision tonot cut production and squeeze US producers, Saudi Arabia’s major stock market index has tumbled into a bear market, giving up all the year’s gains. As one […]
Cheap Oil A Boon For The Economy? Think Again – The Automatic Earth
Cheap Oil A Boon For The Economy? Think Again – The Automatic Earth. I thought it might be a nice idea to question a certain someone’s theories using their own words, while at the same time showing everybody what the dangers are from falling oil prices. There are many ‘experts and ‘analysts’ out there claiming […]
‘We Are Entering A New Oil Normal” | Zero Hedge
‘We Are Entering A New Oil Normal” | Zero Hedge. Investment Observations The precipitous decline in the price of oil is perhaps one of the most bearish macro developments this year. We believe we are entering a “new oil normal,” where oil prices stay lower for longer. While we highlighted the risk of a near-term decline in […]
Oil Enters New Era as OPEC Faces Off Against Shale; Who Blinks as Price Slides Toward $70? – Bloomberg
Oil Enters New Era as OPEC Faces Off Against Shale; Who Blinks as Price Slides Toward $70? – Bloomberg. OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers. The 12-nation Organization of Petroleum Exporting Countries kept its output target unchanged […]
More on Bakken Production, Choke Theory – Peak Oil BarrelPeak Oil Barrel
More on Bakken Production, Choke Theory – Peak Oil BarrelPeak Oil Barrel. The US Petroleum Supply Monthly just came out with production data for every state and territory. US supply was up 168,000 bpd to 8,864,000 bpd in September. The biggest gainers were North Dakota, up 53,000 bpd to 1,185,000 bpd and Alaska up 79,000 to 477,000 bpd. […]
OPEC Decision Likely to Crash U.S. Fracking Industry » EcoWatch
OPEC Decision Likely to Crash U.S. Fracking Industry » EcoWatch. At its meeting today in Vienna, Austria, the 12 member countries of the Organization of Petroleum Exporting Countries (OPEC) voted to keep their output target unchanged despite a 30 percent slump in the oil price since June, due primarily to the explosive growth in fracking in the U.S. as well as […]
“There Will Be Blood”: Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck | Zero Hedge
“There Will Be Blood”: Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck | Zero Hedge. Recently we posted the following article commenting on the impact of USD appreciation and dollar circulation among oil exporters, as well as how the collapsing price of oil is set to reverberate across the entire oil-exporting world, where […]
Oil Prices Collapse After OPEC Keeps Oil Production Unchanged – Live Conference Feed | Zero Hedge
Oil Prices Collapse After OPEC Keeps Oil Production Unchanged – Live Conference Feed | Zero Hedge. But, but, but… all the clever talking heads said they wil have to cut… *OPEC KEEPS OIL PRODUCTION TARGET UNCHANGED AT 30M B/D: DELEGATE WTI ($70 handle) and Brent Crude (under $75 for first time sicne Sept 2010) are […]
